Getting back on topic.
@jaygreenb and
@Solomon
We are incredibly close to 100k now with BTC and probably going to cross this mark very soon. As I've stated, I think the rest of 2024 is going to remain BTC season but I believe alt season is very close. From here, I'd honestly be amazed if BTC had another 2x in it, so we might have a big move up to 120-150k or so and then start to see this bleed over into the alts. ETH is still pretty low at around 3k and it's pairing to BTC is barely over .03.
I'm starting to see a lot of alt coin shilling and insane price targets lately with crypto youtube that I feel is going to draw a ton of retail FOMO in. Robinhood very recently (re)listed a lot of very popular coins, two that have been getting a ton of action and attention lately are ADA and XRP. A very popular meme coin in particular was also listed, Pepe. I remember Pepe from quite early this year of 2024 and that's really taken off lol, I think this is going to be the popular meme coin of this cycle, especially now that it is listed on robinhood.
This type of stuff really makes me believe that we will continue to have market cycles, as it leads to the asset class becoming insanely overpriced and overheated. The natural reaction of the market is eventually to start cooling off, but then people panic and it leads to full scale capitulation. My plan is the same, hold BTC and either sell alts into cash or convert gains into BTC, or some combination of both depending upon how my positions perform in 2025.
